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Do You Want to Know If BrokerXP Is Legitimate or a Scam?
When a regulator issues a warning about a broker, it’s important to pay attention. There are many broker scams, but to get the attention of top-tier regulators usually means the broker has done something wrong. Broker XP is a clone broker and is trying to mimic XP Investments, a legitimate FCA regulated broker. As a result, BrokerXP has been the subject of a warning from the FCA and FINRA.
There Are Some Problems with BrokerXP
BrokerXP is a clone scam. This means that a broker is passing itself off as a regulated broker and adopts a similar name to confuse consumers. Notice the adopting of the “XP” part of XP Investments’ name. This is a mendacious trick and unfortunately it works, since many people think they are signing up with a real broker and end up with fraudulent services.
Red Flags that BrokerXP May Be a Scam
- No license
- Clone broker
- Warnings from the FCA and FINRA
- No transparency
- Bad reviews
If You Need Fund Recovery from BrokerXP, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with BrokerXP, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.